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FSG ACQUIRES GERMAN SUPERYACHT YARD

FSG ACQUIRES GERMAN SUPERYACHT YARD

Monday, July 19, 2021 

The Flensburger Schiffbau-Gesellschaft (FSG) shipyard in Germany, which has itself been rescued several times over the past few years, has announced the acquisition of German superyacht builder Nobiskrug.

The deal includes Nobiskrug's shipbuilding facilities, trademark rights and intellectual property, and means that Nobiskrug's 280 personnel will continue in employment. The superyacht builder filed for insolvency in April.

Ro-ro specialist FSG was rescued last year from insolvency by the Tennor Group.

Tennor owner Lars Windhorst said: “This takeover is an important strategic step for us. Nobiskrug opens up access to the attractive growth market of superyacht construction. The renowned shipyard stands for innovative and ecologically demanding individual shipbuilding like few others. FSG remains the core of our maritime investment with the construction of merchant and naval vessels, which we are now expanding to include the construction of superyachts.”

FSG's CEO Philipp Maracke will manage both shipyards, though some restructuring is expected, particularly at management level. The combined workforce will number 645 personnel.

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